Orbex - Forex Trading Library

As seen last Friday and on our previous chart, the Euro managed to hit a 1.0844 high closing from the target 1.0850. The market is facing a resistance Triangle Formation around 1.0890-1.0915, which if the market fails to break, another…
Read More

So far, the pound has been one of the winners of the General Election. Cable has generally been higher over the course of the campaign, as polls showed who would win by a wide margin. And, unlike in France, the polls ended up being largely…
Read More

EURUSD covers the weekend gap The Euro managed to get back on track after the recent French Elections saw a drop in price action. The pair previously found support at 1.0800 at the base of a bullish momentum, which coincided with the…
Read More

The Dow fell after US labour market data news release and hit a 39155 low before rebounding above 39200. The market is showing the first support around 39150-200 where as long as the market remains above it, the advance could sustain…
Read More

Gold managed yesterday to break below the 2368 support and managed to sustain a drop toward the support level of 2350. This managed again to push the market for a rebound toward 2368 resistance. On the chart , the market is facing a…
Read More

Crude Oil failed for the second time to obtain a Daily close above resistance 83.60 while maintained trades below the downtrend line as seen on the chart. This action could push for a correction with supports starting from the 80.00 levels…
Read More

As seen on our previous chart, USDJPY managed to sustain trades below the resistance 161.70 and retreated towards 160.25. As we see on the Intraday chart, if prices hold below the resistance of 161.40-70, another drop could hit the market…
Read More

The GBPUSD pair seems preparing for further advance and moving towards the daily close above the 1.2815 zone. So far the market failed for the last 2 days to obtain a daily close above 1.2815. As we see on the chart, prices are facing the…
Read More

As seen last Friday and on our previous chart, the Euro managed to hit a 1.0844 high closing from the target 1.0850. The market is facing a resistance Triangle Formation around 1.0890-1.0915, which if the market fails to break, another…
Read More

What to Watch Out For in Powell Testimony Markets are on tenterhooks for two major events in the US over the next few days. One of them is a slow-rolling affair that could suddenly jolt the markets if something unexpected happens. The…
Read More